Chesapeake Granite Wash Trust (CHKR) IPO Trades Lower
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The IPO for Chesapeake Granite Wash Trust (Nasdaq: CHKR) is open for trading. Shares are trading at $18.74 after pricing 20,000,000 common units at a price of $19.
Morgan Stanley & Co. LLC and Raymond James & Associates, Inc. served as joint book-running managers and joint structuring advisors for the offering.
The Trust to a percentage of the proceeds received by Chesapeake (NYSE: CHK) from the production of hydrocarbons from 69 currently producing wells and 118 development wells to be drilled in the future by Chesapeake on approximately 45,400 gross acres (28,700 net acres) in the Colony Granite Wash play in Washita County in the Anadarko Basin of western Oklahoma.
Morgan Stanley & Co. LLC and Raymond James & Associates, Inc. served as joint book-running managers and joint structuring advisors for the offering.
The Trust to a percentage of the proceeds received by Chesapeake (NYSE: CHK) from the production of hydrocarbons from 69 currently producing wells and 118 development wells to be drilled in the future by Chesapeake on approximately 45,400 gross acres (28,700 net acres) in the Colony Granite Wash play in Washita County in the Anadarko Basin of western Oklahoma.
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